Stylized Facts on Productivity Growth : Evidence from Firm-level Data in Croatia
Drawing on a representative sample of firms, this paper presents some microeconomic evidence on the productivity growth process in Croatia since the onset of recession (2008-12). Four types of results are highlighted. First, there is a persistent (...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank Group, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2014/07/19898911/stylized-facts-productivity-growth-evidence-firm-level-data-croatia http://hdl.handle.net/10986/19387 |
| id |
okr-10986-19387 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ADVERTISING AGGREGATE PERFORMANCE AGGREGATE PRODUCTIVITY AGGREGATE PRODUCTIVITY GROWTH AGRICULTURE BANKRUPTCY BENCHMARKING BRANCH BUSINESS ACTIVITIES BUSINESS ASSOCIATIONS BUSINESS ECONOMICS BUSINESS ENTRY CHAMBER OF COMMERCE COMPANY COMPETITIVENESS COMPUTERS CONTESTABILITY CREATIVE DESTRUCTION DEFLATION DEFLATORS DEVELOPMENT POLICY DIVERSIFICATION DOMESTIC MARKET ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC EXPANSION ECONOMIC OUTLOOK ECONOMIC RESEARCH ECONOMIC SECTORS ELECTRICITY EMPLOYEE EMPLOYMENT ENTREPRENEURSHIP ENTRY CONTRIBUTION ENTRY RATE EQUIPMENT EXPORTS FACTOR MARKETS FINANCIAL CRISIS FINANCIAL SERVICE FINANCIAL SERVICES FINANCIAL SUPPORT FIRM DYNAMIC FIRM DYNAMICS FIRM DYNAMISM FIRM ENTRY FIRM EXIT FIRM LEVEL FIRM PERFORMANCE FIRM PRODUCTIVITY FIRM SIZE FIRM TURNOVER FIRM-LEVEL PRODUCTIVITY GDP GDP PER CAPITA GLOBAL MARKETS GROSS DOMESTIC PRODUCT GROSS VALUE GROWTH RATE HOLDING COMPANIES ICT IDENTIFICATION NUMBER INDUSTRIAL REVOLUTION INEFFICIENCY INFORMATION SERVICE INNOVATION INNOVATION PROGRAM INPUT FACTORS INSPECTION INSTALLATION INTERNATIONAL COMPETITION INTERNATIONAL MARKETS INTERNATIONALIZATION JOB CREATION LABOR COST LABOR PRODUCTIVITY LABOUR LABOUR COST LABOUR PRODUCTIVITY LARGE ENTERPRISES LEASING MANAGEMENT SERVICES MANUFACTURING MARKET ECONOMIES MARKET ENTRIES MARKET EXIT MARKET PRICES MARKET RESEARCH MARKET STRUCTURE MARKETING MATERIAL MEDIUM ENTERPRISES MERGERS MOTION PICTURE MULTINATIONALS NET ENTRY COMPONENT NET ENTRY EFFECT NET JOB CREATION NEW MARKET NEW MARKETS NEW TECHNOLOGY NORMAL PROFITS OPEN ACCESS OWNERSHIP STRUCTURE PER CAPITA INCOME PERFORMANCE INDICATORS PERFORMANCE MEASURE PERFORMANCE MEASURES PRELIMINARY EVIDENCE PREVIOUS SECTION PRIVATE CAPITAL PRIVATE FIRMS PRIVATE SECTOR PRIVATE SECTOR FIRMS PRODUCT MARKET PRODUCT MARKET REGULATION PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVE FIRMS PRODUCTIVITY PRODUCTIVITY DECOMPOSITION PRODUCTIVITY GAINS PRODUCTIVITY GROWTH PRODUCTIVITY PERFORMANCE PUBLIC ADMINISTRATION R&D REAL GDP RESULT RESULTS RETAIL RETAIL TRADE SALES SEARCH SERVICE INDUSTRY SERVICE SECTOR SMALL BUSINESS SMALL ENTERPRISES SMALL FIRMS STATE OWNED ENTERPRISES SURPLUSES TECHNICAL ASSISTANCE TELECOM TELECOMMUNICATIONS TELEVISION TIME PERIOD TOTAL EMPLOYMENT TOTAL FACTOR PRODUCTIVITY USES VALUE ADDED VIDEO WEB WEB PAGES WHOLESALE TRADE WORK ACTIVITIES |
| spellingShingle |
ADVERTISING AGGREGATE PERFORMANCE AGGREGATE PRODUCTIVITY AGGREGATE PRODUCTIVITY GROWTH AGRICULTURE BANKRUPTCY BENCHMARKING BRANCH BUSINESS ACTIVITIES BUSINESS ASSOCIATIONS BUSINESS ECONOMICS BUSINESS ENTRY CHAMBER OF COMMERCE COMPANY COMPETITIVENESS COMPUTERS CONTESTABILITY CREATIVE DESTRUCTION DEFLATION DEFLATORS DEVELOPMENT POLICY DIVERSIFICATION DOMESTIC MARKET ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC EXPANSION ECONOMIC OUTLOOK ECONOMIC RESEARCH ECONOMIC SECTORS ELECTRICITY EMPLOYEE EMPLOYMENT ENTREPRENEURSHIP ENTRY CONTRIBUTION ENTRY RATE EQUIPMENT EXPORTS FACTOR MARKETS FINANCIAL CRISIS FINANCIAL SERVICE FINANCIAL SERVICES FINANCIAL SUPPORT FIRM DYNAMIC FIRM DYNAMICS FIRM DYNAMISM FIRM ENTRY FIRM EXIT FIRM LEVEL FIRM PERFORMANCE FIRM PRODUCTIVITY FIRM SIZE FIRM TURNOVER FIRM-LEVEL PRODUCTIVITY GDP GDP PER CAPITA GLOBAL MARKETS GROSS DOMESTIC PRODUCT GROSS VALUE GROWTH RATE HOLDING COMPANIES ICT IDENTIFICATION NUMBER INDUSTRIAL REVOLUTION INEFFICIENCY INFORMATION SERVICE INNOVATION INNOVATION PROGRAM INPUT FACTORS INSPECTION INSTALLATION INTERNATIONAL COMPETITION INTERNATIONAL MARKETS INTERNATIONALIZATION JOB CREATION LABOR COST LABOR PRODUCTIVITY LABOUR LABOUR COST LABOUR PRODUCTIVITY LARGE ENTERPRISES LEASING MANAGEMENT SERVICES MANUFACTURING MARKET ECONOMIES MARKET ENTRIES MARKET EXIT MARKET PRICES MARKET RESEARCH MARKET STRUCTURE MARKETING MATERIAL MEDIUM ENTERPRISES MERGERS MOTION PICTURE MULTINATIONALS NET ENTRY COMPONENT NET ENTRY EFFECT NET JOB CREATION NEW MARKET NEW MARKETS NEW TECHNOLOGY NORMAL PROFITS OPEN ACCESS OWNERSHIP STRUCTURE PER CAPITA INCOME PERFORMANCE INDICATORS PERFORMANCE MEASURE PERFORMANCE MEASURES PRELIMINARY EVIDENCE PREVIOUS SECTION PRIVATE CAPITAL PRIVATE FIRMS PRIVATE SECTOR PRIVATE SECTOR FIRMS PRODUCT MARKET PRODUCT MARKET REGULATION PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVE FIRMS PRODUCTIVITY PRODUCTIVITY DECOMPOSITION PRODUCTIVITY GAINS PRODUCTIVITY GROWTH PRODUCTIVITY PERFORMANCE PUBLIC ADMINISTRATION R&D REAL GDP RESULT RESULTS RETAIL RETAIL TRADE SALES SEARCH SERVICE INDUSTRY SERVICE SECTOR SMALL BUSINESS SMALL ENTERPRISES SMALL FIRMS STATE OWNED ENTERPRISES SURPLUSES TECHNICAL ASSISTANCE TELECOM TELECOMMUNICATIONS TELEVISION TIME PERIOD TOTAL EMPLOYMENT TOTAL FACTOR PRODUCTIVITY USES VALUE ADDED VIDEO WEB WEB PAGES WHOLESALE TRADE WORK ACTIVITIES Iootty, Mariana Correa, Paulo Radas, Sonja Skrinjaric, Bruno Stylized Facts on Productivity Growth : Evidence from Firm-level Data in Croatia |
| geographic_facet |
Europe and Central Asia Croatia |
| relation |
Policy Research Working Paper;No. 6990 |
| description |
Drawing on a representative sample of
firms, this paper presents some microeconomic evidence on
the productivity growth process in Croatia since the onset
of recession (2008-12). Four types of results are
highlighted. First, there is a persistent (and increasing)
heterogeneity in the performance of Croatian firms along
outcome measures. Second, Croatia lags behind regional peers
in entrepreneurship measures, which suggests a comparatively
lower economic dynamism. Third, the lack of dynamism
displayed by the Croatian economy is confirmed when looking
at the firm entry and exit process: the analytical results
point to reduced firm dynamism compared with Croatia's
peers in Europe and Central Asia. Fourth, the contribution
of net entry to overall productivity growth in Croatia is
surprisingly negative. This is contrary to what would be
expected based on the literature and suggests that the
process of "destructive creation" in Croatia has
not been efficient, as the market might be eliminating firms
that are potentially productive. Policies that foster market
contestability should be pursued, especially policies aiming
at better product market regulation (such as liberalization
of entry into the service sector, particularly retail and
infrastructure). Measures to help finance entrepreneurship
(in promising sectors) should be used to support
enhancements in firm productivity. In addition, appropriate
bankruptcy rules play a key role by easing the exit process
and allowing low-productive units to leave the market and
free resources that can be better used by other, more
efficient, firms. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Iootty, Mariana Correa, Paulo Radas, Sonja Skrinjaric, Bruno |
| author_facet |
Iootty, Mariana Correa, Paulo Radas, Sonja Skrinjaric, Bruno |
| author_sort |
Iootty, Mariana |
| title |
Stylized Facts on Productivity Growth : Evidence from Firm-level Data in Croatia |
| title_short |
Stylized Facts on Productivity Growth : Evidence from Firm-level Data in Croatia |
| title_full |
Stylized Facts on Productivity Growth : Evidence from Firm-level Data in Croatia |
| title_fullStr |
Stylized Facts on Productivity Growth : Evidence from Firm-level Data in Croatia |
| title_full_unstemmed |
Stylized Facts on Productivity Growth : Evidence from Firm-level Data in Croatia |
| title_sort |
stylized facts on productivity growth : evidence from firm-level data in croatia |
| publisher |
World Bank Group, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2014/07/19898911/stylized-facts-productivity-growth-evidence-firm-level-data-croatia http://hdl.handle.net/10986/19387 |
| _version_ |
1764443839684149248 |
| spelling |
okr-10986-193872021-04-23T14:03:52Z Stylized Facts on Productivity Growth : Evidence from Firm-level Data in Croatia Iootty, Mariana Correa, Paulo Radas, Sonja Skrinjaric, Bruno ADVERTISING AGGREGATE PERFORMANCE AGGREGATE PRODUCTIVITY AGGREGATE PRODUCTIVITY GROWTH AGRICULTURE BANKRUPTCY BENCHMARKING BRANCH BUSINESS ACTIVITIES BUSINESS ASSOCIATIONS BUSINESS ECONOMICS BUSINESS ENTRY CHAMBER OF COMMERCE COMPANY COMPETITIVENESS COMPUTERS CONTESTABILITY CREATIVE DESTRUCTION DEFLATION DEFLATORS DEVELOPMENT POLICY DIVERSIFICATION DOMESTIC MARKET E-MAIL ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC EXPANSION ECONOMIC OUTLOOK ECONOMIC RESEARCH ECONOMIC SECTORS ELECTRICITY EMPLOYEE EMPLOYMENT ENTREPRENEURSHIP ENTRY CONTRIBUTION ENTRY RATE EQUIPMENT EXPORTS FACTOR MARKETS FINANCIAL CRISIS FINANCIAL SERVICE FINANCIAL SERVICES FINANCIAL SUPPORT FIRM DYNAMIC FIRM DYNAMICS FIRM DYNAMISM FIRM ENTRY FIRM EXIT FIRM LEVEL FIRM PERFORMANCE FIRM PRODUCTIVITY FIRM SIZE FIRM TURNOVER FIRM-LEVEL PRODUCTIVITY GDP GDP PER CAPITA GLOBAL MARKETS GROSS DOMESTIC PRODUCT GROSS VALUE GROWTH RATE HOLDING COMPANIES ICT IDENTIFICATION NUMBER INDUSTRIAL REVOLUTION INEFFICIENCY INFORMATION SERVICE INNOVATION INNOVATION PROGRAM INPUT FACTORS INSPECTION INSTALLATION INTERNATIONAL COMPETITION INTERNATIONAL MARKETS INTERNATIONALIZATION JOB CREATION LABOR COST LABOR PRODUCTIVITY LABOUR LABOUR COST LABOUR PRODUCTIVITY LARGE ENTERPRISES LEASING MANAGEMENT SERVICES MANUFACTURING MARKET ECONOMIES MARKET ENTRIES MARKET EXIT MARKET PRICES MARKET RESEARCH MARKET STRUCTURE MARKETING MATERIAL MEDIUM ENTERPRISES MERGERS MOTION PICTURE MULTINATIONALS NET ENTRY COMPONENT NET ENTRY EFFECT NET JOB CREATION NEW MARKET NEW MARKETS NEW TECHNOLOGY NORMAL PROFITS OPEN ACCESS OWNERSHIP STRUCTURE PER CAPITA INCOME PERFORMANCE INDICATORS PERFORMANCE MEASURE PERFORMANCE MEASURES PRELIMINARY EVIDENCE PREVIOUS SECTION PRIVATE CAPITAL PRIVATE FIRMS PRIVATE SECTOR PRIVATE SECTOR FIRMS PRODUCT MARKET PRODUCT MARKET REGULATION PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVE FIRMS PRODUCTIVITY PRODUCTIVITY DECOMPOSITION PRODUCTIVITY GAINS PRODUCTIVITY GROWTH PRODUCTIVITY PERFORMANCE PUBLIC ADMINISTRATION R&D REAL GDP RESULT RESULTS RETAIL RETAIL TRADE SALES SEARCH SERVICE INDUSTRY SERVICE SECTOR SMALL BUSINESS SMALL ENTERPRISES SMALL FIRMS STATE OWNED ENTERPRISES SURPLUSES TECHNICAL ASSISTANCE TELECOM TELECOMMUNICATIONS TELEVISION TIME PERIOD TOTAL EMPLOYMENT TOTAL FACTOR PRODUCTIVITY USES VALUE ADDED VIDEO WEB WEB PAGES WHOLESALE TRADE WORK ACTIVITIES Drawing on a representative sample of firms, this paper presents some microeconomic evidence on the productivity growth process in Croatia since the onset of recession (2008-12). Four types of results are highlighted. First, there is a persistent (and increasing) heterogeneity in the performance of Croatian firms along outcome measures. Second, Croatia lags behind regional peers in entrepreneurship measures, which suggests a comparatively lower economic dynamism. Third, the lack of dynamism displayed by the Croatian economy is confirmed when looking at the firm entry and exit process: the analytical results point to reduced firm dynamism compared with Croatia's peers in Europe and Central Asia. Fourth, the contribution of net entry to overall productivity growth in Croatia is surprisingly negative. This is contrary to what would be expected based on the literature and suggests that the process of "destructive creation" in Croatia has not been efficient, as the market might be eliminating firms that are potentially productive. Policies that foster market contestability should be pursued, especially policies aiming at better product market regulation (such as liberalization of entry into the service sector, particularly retail and infrastructure). Measures to help finance entrepreneurship (in promising sectors) should be used to support enhancements in firm productivity. In addition, appropriate bankruptcy rules play a key role by easing the exit process and allowing low-productive units to leave the market and free resources that can be better used by other, more efficient, firms. 2014-08-15T18:59:24Z 2014-08-15T18:59:24Z 2014-07 http://documents.worldbank.org/curated/en/2014/07/19898911/stylized-facts-productivity-growth-evidence-firm-level-data-croatia http://hdl.handle.net/10986/19387 English en_US Policy Research Working Paper;No. 6990 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Group, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Europe and Central Asia Croatia |